Question 6-(Parts A-F): The graph below illustrates a power plant (Omega energy) emitting S02, and the costs it faces to control the emission of this. MAC1 represents its initial MAC curve If there are a group of similarly sized power plants to this operating in the region, upwind of a large city and the Environmental Agency wants to use an Emissions charge (Pollution Tax) of $50/ton to control this SO2 pollution. The Table below gives $ values for the letters in the graph. MAC, Letter $ D $100,000 E $25,000 F $75,000 Letter $ G $50,000 H $50,000 100 , $ 50 E G D F H 2,000 4,000 8,000 Emissions in tons/year . A) If Omega energy initially has average Abatement costs for the industry (MAC1), and the Emissions charge (Pollution Tax) is $50/ton: With no Pollution clean-up how many tons a year are they emitting? What is their Total Cost of Clean-up? What are their Total Emissions charge payments? What is their Total Abatements Costs here (Clean-up Costs + Emission Charge payments)? . . . B) Now based on their Abatement Costs (as given by MAC1) and the Emissions Charge of 50/ton what level of emissions (and so what pollution clean-up) would it actually be most efficient for them to do. Use relative Marginal Values for Emissions charges and Abatement costs to explain why this level is efficient. . C) So at their efficient level of Pollution emissions from B): What are their Total Cost of Clean-up? What are their Total Emissions charge payments? What is their Total Abatement Costs here (Clean-up Costs + Emission Charge payments)? . . D) Now assume Omega energy believes this is possible through an R&D program to lower its abatement costs to curve MAC2, explain, in terms of each letter used, and number and what they represent, the incentive (if any) it has to engage in this R&D (assuming the Emissions charge stays at $50/ton). If their efficient level of Pollution emissions has changed, describe the new level (and amount of clean-up) and What are their new Total Cost of Clean-up? What are their new Total Emissions charge payments? What is their Total Cost of Polluting here (Clean-up Costs + Emission Charge payments) Is this less than in C) - so explain if they have they made a good decision here? . . . . - E) Briefly explain in general how the incentives for R&D here compare with those that are generated by Regular Standards. F) in reality.the EPA has regulated air pollution emissions mainly using National Ambient and Technology-based Effluent standards (TBES). Compare this approach with oqe based on Emission Charges (Pollution Taxes) - which approach is an Economically more efficient way to Control air pollution - explain why? NOTE: I Am looking for a decent paragraph length answer here not paper or dissertation, Question 6-(Parts A-F): The graph below illustrates a power plant (Omega energy) emitting S02, and the costs it faces to control the emission of this. MAC1 represents its initial MAC curve If there are a group of similarly sized power plants to this operating in the region, upwind of a large city and the Environmental Agency wants to use an Emissions charge (Pollution Tax) of $50/ton to control this SO2 pollution. The Table below gives $ values for the letters in the graph. MAC, Letter $ D $100,000 E $25,000 F $75,000 Letter $ G $50,000 H $50,000 100 , $ 50 E G D F H 2,000 4,000 8,000 Emissions in tons/year . A) If Omega energy initially has average Abatement costs for the industry (MAC1), and the Emissions charge (Pollution Tax) is $50/ton: With no Pollution clean-up how many tons a year are they emitting? What is their Total Cost of Clean-up? What are their Total Emissions charge payments? What is their Total Abatements Costs here (Clean-up Costs + Emission Charge payments)? . . . B) Now based on their Abatement Costs (as given by MAC1) and the Emissions Charge of 50/ton what level of emissions (and so what pollution clean-up) would it actually be most efficient for them to do. Use relative Marginal Values for Emissions charges and Abatement costs to explain why this level is efficient. . C) So at their efficient level of Pollution emissions from B): What are their Total Cost of Clean-up? What are their Total Emissions charge payments? What is their Total Abatement Costs here (Clean-up Costs + Emission Charge payments)? . . D) Now assume Omega energy believes this is possible through an R&D program to lower its abatement costs to curve MAC2, explain, in terms of each letter used, and number and what they represent, the incentive (if any) it has to engage in this R&D (assuming the Emissions charge stays at $50/ton). If their efficient level of Pollution emissions has changed, describe the new level (and amount of clean-up) and What are their new Total Cost of Clean-up? What are their new Total Emissions charge payments? What is their Total Cost of Polluting here (Clean-up Costs + Emission Charge payments) Is this less than in C) - so explain if they have they made a good decision here? . . . . - E) Briefly explain in general how the incentives for R&D here compare with those that are generated by Regular Standards. F) in reality.the EPA has regulated air pollution emissions mainly using National Ambient and Technology-based Effluent standards (TBES). Compare this approach with oqe based on Emission Charges (Pollution Taxes) - which approach is an Economically more efficient way to Control air pollution - explain why? NOTE: I Am looking for a decent paragraph length answer here not paper or dissertation